Amazon is stepping up its push into ultrafast delivery, rolling out one-hour and three-hour shipping options across parts of the US as competition in rapid fulfilment intensifies. The company announced on Tuesday that three-hour delivery is now available in approximately 2,000 cities and towns, while one-hour delivery has been launched in hundreds of those locations.… Continue reading Amazon intensifies delivery battle as one-hour shipping rolls out across US
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Dow futures plunge on Tuesday: 5 things to know before market opens
US stock futures are facing some pressure on Tuesday as the S&P 500 futures slipped 0.3% in early trading. The futures tied to other Wall Street indices were also trading in red with Nasdaq 100 futures declining over 0.4% while Dow Jones futures shedding over 120 points. The move comes as stock markets across the… Continue reading Dow futures plunge on Tuesday: 5 things to know before market opens
EV race heats up as BYD lands 100K deal and Rivian surges on R2
BYD has secured a 100,000-vehicle export order from its newly operational factory in Brazil, with shipments split evenly between Argentina and Mexico, according to Executive Vice President Stella Li. Separately, Rivian shares rose Monday after TD Cowen upgraded the stock and raised its price target, as investors focused on the company’s R2 mid-size SUV, which… Continue reading EV race heats up as BYD lands 100K deal and Rivian surges on R2
Rolls-Royce share price sinks amid the US-Iran war: will it rebound?
Rolls-Royce share price has dropped into a correction after falling by 13% from its highest level this year. RR dropped to 1,227p on Tuesday as challenges in the civil aviation industry continued. This article explores what to expect and whether it will bounce back this year. Rolls-Royce share price drops amid woes in the civil… Continue reading Rolls-Royce share price sinks amid the US-Iran war: will it rebound?
Samsung stock rises: can Nvidia revive its struggling foundry?
Samsung Electronics shares rose sharply on Tuesday after fresh signals from Nvidia strengthened expectations of a turnaround in its chipmaking business. The stock climbed as much as 5% in early trade after Nvidia chief Jensen Huang confirmed that Samsung is producing new artificial intelligence chips. The update has renewed focus on Samsung’s foundry division, which… Continue reading Samsung stock rises: can Nvidia revive its struggling foundry?
Bitcoin climbs as ETF inflows hit multi-day streak, sentiment rebounds
US-based spot Bitcoin exchange-traded funds are once again attracting steady inflows, signalling a shift in institutional behaviour as crypto markets regain momentum. The latest data shows that capital has entered these funds for six straight sessions, marking the longest run of inflows since October last year. This renewed interest comes alongside a sharp rise in… Continue reading Bitcoin climbs as ETF inflows hit multi-day streak, sentiment rebounds
Hang Seng Index steady ahead of Alibaba, Tencent, Meituan earnings
The Hang Seng Index rose for two consecutive days after the recent strong Chinese macro data and as investors waited for some notable Chinese earnings. It also rose as it mirrored the performance of American equities. It has now risen by 5% from its lowest level this month, with focus shifting to the upcoming earnings… Continue reading Hang Seng Index steady ahead of Alibaba, Tencent, Meituan earnings
Why Bright Smart stock surged over 82% on Ant Group deal?
Bright Smart stock (HKG: 1428) surged over 82% on Tuesday after Ant Group said it had completed the required mainland Chinese reporting procedures for the acquisition. The announcement removes a major overhang on a deal that investors had been watching for months. The stock later pared some gains and was trading at HK15.38 at press… Continue reading Why Bright Smart stock surged over 82% on Ant Group deal?
Mike Wilson explains why US stocks may tumble in early April
Investors may need to tighten their seatbelts as the second quarter approaches. Morgan Stanley’s chief US equity strategist, Mike Wilson, says a near-term retreat in US stocks is likely before the market finds its footing again. While the longer-term outlook remains constructive, the coming weeks may test the nerves of even the most seasoned traders,… Continue reading Mike Wilson explains why US stocks may tumble in early April